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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (18435)	1/5/2004 3:59:51 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

All off Bernanke comments over the weekend. Only added fuel to the fire of dollar swoon. If the equity markets were really worried about the falling dollar, why has it continued to make repeated highs across the board over nearly every sector and index traded. This pattern has repeated itself before under very similar circumstances. You have to dig deeper and beneath the first few layers of the reasons why the dollar is falling- Both domestically here at home and overseas via globally regarding trade relations with China, Inc., Japan and Europe. More cognitive dissonance than anything else. The falling dollar up to this point is continued NOISE. Less than 1,200 points to a new all time DOW high. Over 3000 points off the triple bottom. Have a great week. Best Regards, JT

To: yard_man who wrote (18435)	1/5/2004 4:02:42 PM
From: t2	Read Replies (1) \| Respond to of 19219

there is an alternative to this being a bear market bounce -- total destruction of our currency -- I'm beginning to lean that way now. Not kidding ... folks fleeing greenbacks for anything now it appears ... That is the kind of scenario that can launch the Dow about 1000 points within a very short time. Better to hold a stock than the currency. Also seems that only one bubble bursts at a time...and now it is the dollar. Money goes everywhere else. If it was not for the mystery of what happens if dollar keeps collapsing, the market would be preparing for a major drop for the coming 2 to 3 months..based upon almost all contrarian indicators I have seen, now even including rydex nova/ursa.